iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,423 Blog Posts

Biotech May Be Bottoming Here

By bottoming, I mean not tanking by 15% in a single day. Truth be told, the Grande Society of Exodus has declared XBI to be OVERSOLD today. The track record is next to flawless. As such, in exactly 3 days henceforth, the biotech sector will be appreciably higher.

XBI

My long positions are XON, JAZZ, ICPT and SGEN.

GILD is major pharma and is my second largest position.

Lastly, biotech always fucks itself during the month’s of late summer, leading up to a sharp snap-back rally during the fall.
XBI2

If you enjoy the content at iBankCoin, please follow us on Twitter

4 comments

  1. UncleBuccs

    Uh oh… that’s looking like all BIS-cuits and no gravy for the bloodthirsty sorts..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. J Adabese (your pen pal)
    J Adabese (your pen pal)

    Le Fly,
    What is the proper attire for the Yale Club?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Dr. Fly

    Dress as you want. You’d be better dressed with a blazer, however.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. alf44

    .

    Sir Fly … any thoughts on $ZG (Zillow) ?

    —–

    I kind of like the chart here for a LONG !

    .

    • 0
    • 0
    • 0 Deem this to be "Fake News"